The GBPUSD pair leaned on the EMA50 and bounced bullishly from there, to test 1.2500 barrier again, reinforcing the expectations of continuing the bullish trend, and the price needs to surpass this barrier to reinforce the chances of continuing the main bullish trend, reminding you that our next targets begin at 1.2550 and extend to 1.2665 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 1.2450 represents the first condition to continue the expected bullish wave, as breaking it represents negative factor that will push the price to visit 1.2370 areas before turning back to rise again.
The expected trading range for today is between 1.2410 support and 1.2580 resistance.
The expected trend for today: Bullish
Origin: Economies
